Help with holding trade the whole day

[fordewind]

for holding the whole day idea your ratio should be higher than 2:1

 

[wrbtrader]

Hello,

I'll make it simple and fast.

If I were to hold NQ / YM futures for 50-100 points profit target for the whole day, what should I be looking at? My stop will be half, so 2:1 ratio.

Previous day's close, high of the day, low of the day, current support/resistance, opening bell move, current / day's planned news. What else?

Thank you.

You are not going to be able to do such via TA alone. You're going to need to learn & understand the market context for each trading day and then pick the trading days to trade for that goal.

Thus, you should be looking at (understanding) the market context that tends to move the price 50 - 100 points in a trading day.

wrbtrader

 

[tdeu]

take a trade that makes sense and then swing, here the 30min GC chart
use swing stops (initial risk of your trade) to derive your targets (multiples of that)
________________
Cheers, Thomas
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Check out my daily reads on the E-mini
https://plus.google.com/u/0/collection/EK_yfB

 

[tdeu]

for the make sense trades:

put HOY LOY and COY from the RTH session on your chart and look for SA, BB (failed BOs) and breakout pullback, also put the shallowest TLs from the prior day on your chart

also check out this blog Nine Transitions: Search results for trend day

Yesterday was a nice trend day on the ES after we had SA (sellers above HOY)

 

[tdeu]

here are the other charts

https://plus.google.com/u/0/collection/EK_yfB

 

[qxr1011]

profit target is bullshit and so is the attempts to associates the ratio with it

holding time is incidental to the time periods played, besides the essence of the trading method

that all i can say

 

[fordewind]

profit target is bullshit and so is the attempts to associates the ratio with it

nope.you just have to find ones.